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QIIG reports 4% growth in shareholders' profits to QR75.728m in 2020 thepeninsulaqatar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thepeninsulaqatar.com Daily Mail and Mail on Sunday newspapers.
QFB's performance improved in 2020: Chairman - The Peninsula Qatar thepeninsulaqatar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thepeninsulaqatar.com Daily Mail and Mail on Sunday newspapers.
(MENAFN - The Peninsula) The Peninsula Doha: Ooredoo Group announced yesterday net profit of QR1.1bn in 2020 and the Board proposed a cash dividend of QR0.25 per share. Group s net profit attributable to Ooredoo shareholders decreased by 35 percent year-on-year in 2020 mainly due to lower EBITDA and one off gains in 2019 from the Indonesian tower sales. In fourth quarter (Q4) of 2020, the net profit was negatively impacted by foreign exchange losses mainly due to the devaluation of the Iraqi dinar and a one off impairment from an investment. Revenue declined by 4 percent year-on-year to QR28.9bn in 2020, due to the COVID-19 pandemic impact, with a reduction in handset sales and roaming business as well as macroeconomic weakness in some of our markets. This was partially offset by growth in Indonesia, Myanmar and Palestine. ....
(MENAFN - The Peninsula) The Peninsula Doha: Sheikh Dr. Khalid bin Thani Al Thani, Second Deputy to the Chairman of the Qatari Businessmen Association, hosted a Spanish delegation headed by Minister for Foreign Affairs, European Union and Cooperation of the Kingdom of Spain H E Arancha Gonzalez Laya, during a dinner at the Sheikh s Resident in the presence of Minister of Commerce and Industry H E Ali bin Ahmed Al Kuwari and Minister of State for Foreign Affairs, H E Sultan bin Saad Al Muraikhi. The meeting was attended by Sheikh Faisal bin Qassim Al Thani, Chairman of the Qatari Businessmen Association, and Sheikh Khalifa bin Thani Al Thani, Chairman of Qatar Chamber. From QBA Board members Sheikh Nawaf bin Nasser Al Thani and Saud Al Mana attended the dinner, as well as Abdulbasit Al Shaibie, CEO of Qatar International Islamic Bank, Abdullatif Abdullah Almahmoud, CEO of Dar Al Sharq Group, as well as Sarah Abdulla, QBA Deputy General Manager. ....
08 Feb 2021 - 8:59 The Peninsula Qatar First Bank (QFB), the first independent Shari’ah compliant bank authorized by the QFC Regulatory Authority (QFCRA) and a listed entity in the Qatar Stock Exchange, has completed the acquisition of Waterway Plaza I, a class A+ office tower spanning more than 223,0000 square foot located in suburban Houston, Texas, USA. Waterway Plaza I marks QFB’s first acquisition for the year in the USA, following only by a matter of days the bank previous acquisition of the Lulu Al Messila Hypermarket in Qatar. Growing ever more QFB income-generating real estate portfolio open to client investments, Waterway Plaza I has already attracted sizeable commitments from the bank’s trusted customer base and the investment will remain open for subscription until March. ....